Leveraged Loan Insight & Analysis – 4/25/2016

Credit concerns have increased this year as defaults, while still low by historical standards, continue to move higher. The U.S. leveraged loan default rate ended the first quarter at 2.8%, up from 2% in the previous quarter, and up from 1% a year ago, according to Moody’s. In the first quarter, $7.3 billion of leveraged loans defaulted. Since then Vertellus, Peabody Energy  and Stallion Oilfield have defaulted this month